openPR Logo
Press release

Bio-Optronics Announces $30 Million Growth Investment from Mainsail Partners

01-18-2018 09:24 AM CET | IT, New Media & Software

Press release from: Bio-Optronics

ROCHESTER, NY – Bio-Optronics today announced a $30 million investment from Mainsail Partners, a growth equity firm that invests in fast-growing bootstrapped technology companies. Mainsail will partner with the Chief Executive Officer, Dan Kerpelman, and the existing management team to scale the business rapidly. Bio-Optronics will use the capital and Mainsail’s support to accelerate product development, enhance customer service, and grow sales and marketing.

Bio-Optronics is a provider of software to healthcare organizations. The company’s product suite includes Clinical Conductor, a leading Clinical Trial Management System (CTMS), Momentum, which enables fast, automated and accurate medical staff scheduling, and Biopoint, which enhances patient safety and streamlines patient workflow. Customers include leading hospital systems, clinical research sites and organizations, medical groups, and the Department of Veterans Affairs.

“Our business is founded on providing great software products with exceptional customer support,” said Dan Kerpelman. “We did not need to raise capital to continue our growth, but rather chose to partner with Mainsail in order to invest more heavily in our products and in our customers’ success. Mainsail took the time and effort to develop a relationship with the company over the last several years, and I am confident they will add meaningful value.”

Michael Anderson, Partner at Mainsail Partners, said, “We’re delighted to work with Dan and the team at Bio-Optronics. Over the years they’ve demonstrated an ability to develop compelling new products and features for the global market, a dedicated focus on serving their customers, and a track record of strong growth.” Anderson added, “The company’s Clinical Conductor product should benefit from the continued growth in the number and complexity of clinical trials, and the Momentum scheduling product should continue to grow rapidly as healthcare organizations stop building medical staff schedules manually and instead use software to help automate the process.”

In addition to Mr. Anderson, Taylor McKinley, Operating Partner at Mainsail, and David Farsai, Vice President at Mainsail, will join Dan Kerpelman on the company’s Board of Directors.

About Bio-Optronics

Bio-Optronics is a leading software and services company that creates user-focused applications for healthcare organizations that positively impact business performance. With applications focused on clinical research, automated resource utilization and patient safety, Bio-Optronics software is used by thousands of healthcare organizations worldwide to simplify complex business processes and enhance overall quality and efficiency.

For more information, visit www.bio-optronics.com or follow @BioOptronics on Twitter or LinkedIn

About Mainsail Partners

Mainsail Partners is a San Francisco-based growth equity firm that invests in bootstrapped software companies. For 15 years, the firm has partnered with exceptional founders and entrepreneurs across many end-markets. Mainsail has a team of experienced operating professionals to help entrepreneurs scale their businesses and accelerate growth. The firm has raised more than $750 million in committed capital. For more information, please visit www.mainsailpartners.com.

1890 South Winton Road
Suite 190
Rochester, NY 14618

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bio-Optronics Announces $30 Million Growth Investment from Mainsail Partners here

News-ID: 905475 • Views: 364

More Releases from Bio-Optronics

Sujay Jadhav Joins Bio-Optronics Board of Directors
ROCHESTER, NY – Bio-Optronics, the maker of the market leader Clinical Conductor Clinical Trial Management System (CTMS), announces the appointment of Sujay Jadhav to its board of directors. Mr. Jadhav, CEO of goBalto, has a long history in life sciences executive management, previously leading corporate development, analytics and SaaS business units. “Bio-Optronics is well positioned with innovative solutions to scale the business and advance in the marketplace,” said Mr. Jadhav. “I
Bio-Optronics, Inc. Expands European Infrastructure with Additional German Serve …
February 27, 2018 – COPPET, SWITZERLAND – Bio-Optronics, a global provider of software to healthcare organizations, has announced an expansion of its European infrastructure with new server space in Germany. This expansion is designed to further enhance performance for European businesses and accommodate additional growth planned in the clinical research and healthcare workforce automation industries. “This enhancement is an exciting representation of our global growth at a company,“ says Sylvie Pommier,
Bio-Optronics Announces Advanced Business Intelligence Reporting for CTMS
February 9, 2017 – ROCHESTER, NY – Bio-Optronics, the makers of the market-leading Clinical Conductor clinical trial management system (CTMS) announces the release of an advanced business intelligence (BI) reporting module designed to provide health systems, CROs and other research organizations real-time access to analytics that drive decisions and business growth. The BI reporting tool, available as a module in Clinical Conductor CTMS, allows users to quickly create recurring and ad-hoc
Biopoint Surgery Manager from Bio-Optronics helps VA facilities maximize veteran …
ROCHESTER, NY – Bio-Optronics, the makers of the VA trusted Biopoint Patient ID and Biopoint Barcode Point of Care (BPOC) applications, announces the release of their newest VA offering, the Biopoint Surgery Manager Suite. This new scheduling and tracking solution will immediately help VA surgery departments increase patient throughput, ensure on-time starts, and reduce in-facility wait times, ultimately providing the best care for veterans. The Biopoint Surgery Manager Suite, composed of

All 5 Releases


More Releases for Mainsail

Global Mainsails Market 2019 by Manufacturers, Regions, Type and Application, Fo …
Market Research Report Store offers a latest published report on Mainsails Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/439077/global-mainsails-market   A mainsail is a sail rigged on the
Global Mainsails Market 2019 by Manufacturers, Regions, Type and Application, Fo …
Market Research Report Store offers a latest published report on Mainsails Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/439077/global-mainsails-market   A mainsail is a sail rigged on the
Global Furling Booms Market 2019 by Manufacturers, Regions, Type and Application …
Market Research Report Store offers a latest published report on Furling Booms Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/439057/global-furling-booms-market   A furling boom is the way to
Global Reefing Systems Market Expected to Witness a Sustainable Growth over 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Reefing Systems market. This report focus on Reefing Systems market. Reefing is the means of reducing the area of a sail, usually by folding or rolling one edge of the canvas in on itself. The converse operation, removing the reef, is called "shaking it out." Reefing improves the performance of sailing vessels in strong winds, and
Furler Market Size by Top Key Manufacturers and Application 2018 with Share, Rev …
Global “Furler Market” Report includes the forecasts, analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry players. The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Request for Sample Copy of this Report @ http://supplydemandmarketresearch.com/home/contact/69477?ref=Sample-and-Brochure&toccode=SDMRMA69477 This report presents the worldwide Furler market size (value, production and consumption), splits the breakdown (data
Sujay Jadhav Joins Bio-Optronics Board of Directors
ROCHESTER, NY – Bio-Optronics, the maker of the market leader Clinical Conductor Clinical Trial Management System (CTMS), announces the appointment of Sujay Jadhav to its board of directors. Mr. Jadhav, CEO of goBalto, has a long history in life sciences executive management, previously leading corporate development, analytics and SaaS business units. “Bio-Optronics is well positioned with innovative solutions to scale the business and advance in the marketplace,” said Mr. Jadhav. “I